Commercial, GHG Emissions  -  September 20, 2021

Moody's Corp. Speeds Up Net-Zero Target to 2040

Moody’s Corporation announced Sept. 14 that it is accelerating its net-zero target by 10 years and now plans to reach net-zero emissions in its operations and value chain by 2040.

In the interim, the risk assessment firm plans to reduce Scope 1 and 2 emissions 50% by 2030 and Scope 3 emissions from fuel and energy, business travel and employee commuting by 15% by 2025. Additionally, 60% of the company’s suppliers should have science-based targets by 2025.

Moody’s was previously recognized as a 2021 Global Compact LEAD company for its Decarbonization Plan and its commitment to the United Nations Global Compact and Ten Principles for responsible business.

“The global economy is fundamentally realigning due to climate risk, and the transformation will affect us all,” Rob Fauber, president and CEO of Moody’s Corporation, said in a statement. “Given the urgency of the need to adapt, we are accelerating Moody’s net-zero target, and continue to embed climate risk and sustainability into everything we do.”

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